SG Americas Securities LLC Invests $113,000 in Colony Bankcorp, Inc. (NASDAQ:CBAN)

SG Americas Securities LLC bought a new position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,972 shares of the financial services provider’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Colony Bankcorp by 2.2% during the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock worth $5,643,000 after purchasing an additional 7,740 shares in the last quarter. State Street Corp grew its stake in Colony Bankcorp by 7.6% during the 3rd quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock valued at $3,934,000 after acquiring an additional 17,865 shares in the last quarter. De Lisle Partners LLP grew its stake in Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 35,000 shares in the last quarter. Barclays PLC grew its stake in Colony Bankcorp by 49.5% during the 3rd quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock valued at $845,000 after acquiring an additional 18,048 shares in the last quarter. Finally, Martingale Asset Management L P grew its stake in Colony Bankcorp by 38.2% during the 3rd quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 13,119 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Stock Performance

NASDAQ:CBAN opened at $17.34 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $303.80 million, a price-to-earnings ratio of 12.84 and a beta of 0.62. The company’s 50-day moving average is $16.45 and its two-hundred day moving average is $15.79. Colony Bankcorp, Inc. has a 1-year low of $10.33 and a 1-year high of $18.49.

Colony Bankcorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.65%. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, February 5th. Colony Bankcorp’s payout ratio is presently 34.07%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

About Colony Bankcorp

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.